@dr2k3,
And foreign stocks haf higher "liquidation" power?!

i know US and UK one is.....

watch malaysia stock market i wanna sleep sometimes

erm...liquid......

in US or UK stock market....i can execute buy order and instantly i got buy or sell

i try in malaysia stock market contest last time.....i can only put ...pending order? maybe 10k lot.....maybe only 1k executed....or maybe later then another 3k - -"

@dr2k3,
If U go for hot stocks I'm sure u'll be able to find buyers

hehe duno.... i like instant rather than wait.......sometimes price went above my order n my order never executed....maybe i duno much about malaysia stock market

@dr2k3,
The concept is the same.

How do you study on investment again? Talk to your remisier? Or something else altogether?

well...there is alot of reading material available on the net

@dr2k3,
Ur absolutely right but don't believe everything U read ya?

Wow, 11.18% sound too good to be true. Mind to tell which currency and if the offer only for 1 month of the tenure? Also, does the FC fixed deposit allows auto renewal tha we are not forced to withdraw the money if not neccessary?

@tinkerbel

erm....its seems most of the things i read is quite logical...so i belief everything

its just term....and logic....nothing much not to belief

@netcrawler

that is prob NZD currency

i would not suggest put foreign currency fd in PB


This post has been edited by dr2k3: Jun 26 2008, 10:59 PM

@netcrawler

that is prob NZD currency

i would not suggest put foreign currency fd in PB

[/quote]

Why not recommended for PB? The interest rate is quite high
eventhough you minus off the exchange rate (of course for tenure
not less than 12 months). Did you have any bad experience with PB?

Yeah, why not FD in PB?

This post has been edited by howszat: Jun 26 2008, 11:15 PM

@netcrawler

people say PB foreign currency doesnt have auto renewal...thats already a bad sign

bank spread on currency is 0.5 or something higher + -, even if they offer high % u still might lose more during end of period

foreign currency is meant for long term investment.....especially during when currency is not stable.....long term can break even the possibility of currency devalue or maybe earn more

short term have high chances of losing because of the spread(cost) by the bank

abit same thing like UT....u canot buy and sell UT in short time because of their charges....

This post has been edited by dr2k3: Jun 26 2008, 11:18 PM

I agreed with you that FC deposit is meant for long term. Placing it on short term will surely makes us lose money because of exchange rate and possibly the currency flutuation. But if you put the money in long term, it's certain that the interest will be higher that fixed deposit. However, no auto renewal is a bad thing as our FC deposite may has matured when the exchange rate for the currency is low.

That's not the case. FD will be automatically renewed. Currently, there is an exception because of the special additional interest rate for the first term. However, this is just a case of changing the certificate to a normal one after the first term. From their website http://www.pbebank.com/en/en_content/perso...tions/fcfd.html :

Upon maturity of the FCY FD, it will be renewed under the respective prevailing FCY FD interest rates, ie. counter rates, without additional interest rates.


Similar to most other banks, which is about 2.5 to 2.6% spread. The only exception is HLB which is about 2.3%. Unless you have a large amount, the difference is not worth the effort of changing banks if you are not already with HLB.


Sure, that applies to all FCY FD, not just PB.

well...thats what i heard from people

u can call the bank to verify.....the rate in PB is too high to be true for me and they dont publish real rate

Upon maturity of the FCY FD, it will be renewed under the respective prevailing FCY FD interest rates, ie. counter rates, without additional interest rates.

so thats mean 9.x% on first year after that go back to their original rate which we dont even know what

if you notice the "Additional Interest"

normal 1 month fd is lower compare to 12month/1y but they r reverse

example

1 month = 3.1%

3month = 3.4% etc etc...

but pb is

1month = 1% extra thats mean 10%

then 3month is 0.5% thats mean 9.5

opposite...isnt that kinda weird?

This post has been edited by dr2k3: Jun 27 2008, 12:06 AM

Don't believe what you hear from people.

The PB website is clear on the matter.

The 1% extra is only for the first term of 1 month tenure. So for the 1-month term, you get 1/12 of 1% which is = 0.083%

The 0.5% extra is for 3-months, so you get 3/12 of 0.5% = 0.125%

Since 0.125 > 0.083, not opposite and not weird at all.

o ya haha~ u have to divide 12 month....i got confused..

9.x% is promotional rate....where is the original rate...their counter rate

Look under Rates and Charges on their website.

Above 9% is considered high if you compare to other fixed deposits.
The only concern here is would the bank convert the currency back to
MYR before doing a renewal. If they do convert, then we lose a lot in exchange rate. Otherwise, we may continue to roll over the FC deposite till the good time before withdrawal.